Growler wrote: Sluffy wrote:For the last three years you've been banging on about Anderson stripping the club assets, but he's never had any assets to strip
When Anderson took over we had a Championship standard striker (Madine) an Arsenal standard centre half (Holding) and a promising young championship player (Clough)
Anderson sold these players for around £11 million and has spent 200k on the awful Magennis
Our squad now doesn't have a Championship standard striker just two bog standard third tier ones.Whoever takes over from Anderson won't have one valuable player to sell.
This is a form of asset stripping
It's not the same mate.
When Davies sold the club, stadium, hotel, car parks and everything else - the value in the assets the new owner was taking on was worth far, far more than the £1 he sold it for.
A new owner could have simply sold the club on again immediately (or sold off the assets separately) and made millions.
To prevent anyone doing that Davies didn't write off his total debt in the club (although he did go on to write off £198 million of it!) he left a sum (£15 million) equivalent to the then assets in the business, secured on them.
In simple terms the debt he left on the books prevented any possible asset stripping taking place (and hence why the later ACV by the ST on the stadium was completely pointless other than as a PR exercise by them).
Whilst this loan is left outstanding to Davies (Moonshift), no one can sell the stadium, hotel, car park, etc, that the club owns. However once that loan is paid or written off, the charge over the assets is removed and whoever owns the club (or more accurately Burnden Leisure) CAN sell them if they want to.
Again to simplify my explanation, think of the Stadium, Hotel, etc as goods that last for a number of years - you don't build a new stadium ever year or a new hotel, etc, etc - yet they remain core to the business. They are permanent and have a value that can be calculated and known over a period of years - and as such you can calculate how much they cost to run and how much you are likely to receive if you sell them - and importantly loan money against them if you needed to.
Player transfers - which you certainly love to mention - are in comparison short term and take place often. You can't plan ahead. You can't say that this player we will sell for this much and that player for that much. These are yearly trading activities and as such can't be planned in advance as they vary so wildly from year to year depending if we have a player anybody wants to buy and how badly our need is at the time for the money a sale will bring in.
The sale of those three players you name did bring in around £11 million to the club - but as you always fail to mention the cost for the players wages which has been around treble that since KA arrived three years ago. Anderson had no idea when he bought the club that he would have player sales of £11 million (nor did anyone else - who would ever have thought Madine could be sold for £6 million?).
Anderson may have taken a cut from the sales for all I know but he's certainly not pocketed the whole £11 million (which you constantly imply) or else the club would have run out of money a long time before now.
The bulk of that money has been used to keep the club going and pay the wages in just the same way year by year as it does with most other clubs outside the Premier League.
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